Businesses swear by the benefits of outsourcing. While the idea of hiring talent, borrowing skills, and improving efficiency has been there for long, businesses can now utilize the concept for maximum productivity and ROI. Thanks to the innovative ODC models that exist!
In 2018, the global market size of outsourcing information technology accounted for $85.6 billion. It is generally engaged in offering software development and IT solutions. However, the services may vary depending upon the dynamic business requirements. - according to Statista
Businesses worldwide are embracing the idea of IT Outsourcing. Cost optimization, skill crunch management, improved efficiency in product delivery are some of the initial-level benefits tagged with outsourcing.
According to Statista, software application development and maintenance are two of the most outsourced IT functions, globally. Businesses want to ramp up their development cycle, launch application faster-to-market, reduce overhead cost, manage technical skill-crunch and more by outsourcing software development.
Software applications are managing almost every critical aspect of a business. They are transforming the business models, streamlining significant processes, and improving the way value is delivered to the customers. Hence, custom software- one that compliments the business and adheres to its requirements is a must have.
Businesses nowadays are taking advantage of new technologies and models that originate and develop in consumer space, rather than the enterprise IT sector. In effect to this impact, called consumerization, businesses are leveraging mobile apps to reach out to their potential customers and engage with them.
Despite the notion that Waterfall is a risk-free approach to software outsourcing, there is a continuous rise in adoption of Agile methodology for developing consumer-centric solutions. However, the collaboration of an 'iterative' development approach and offshore outsourcing has been a subject of debate for decades.
The IT ecosystem constantly proliferating with new tools and technologies. Accommodating the broad spectrum of programming languages, libraries, and frameworks in a software engineering team is certainly out-of-scope.
In the current age of digitization, there is hardly a business that goes without having a software application. From automating internal processes to improving the customer experience, a software application (in one form or the another) is a major reliance and driver of businesses, irrespective of the industry.
Software application development is the widely outsourced IT functions, globally. This broad segment includes outsourcing an arrangement for a range of application services, including software product engineering, maintenance of legacy systems, offshore programming, management of packaged applications, and team augmentation.
In the era, when companies are betting on offshore/nearshore outsourcing for various IT and business services, teaming up with the right technology partner holds the core of enterprise wide strategy. Here, we confer upon India being the front-runner in offshore outsourcing for software development.